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Look forward and back

There are even more reasons now to ensure that structured inheritance tax planning is reviewed both when it has been put in place in the past and considered in the future, says Lucy Brennan

18 June 2013

While for some the Budget may have seemed uneventful, after the dust settled, those looking at inheritance tax (IHT) planning realised there was quite a large change that would affect both planning going forward but also that of the past.

One area that can be helpful in IHT planning is the use of loans. For example, if a non-UK domiciled individual wished to buy a UK situs asset, such as a house, without risking an IHT liability and without a complex structure, they could take a loan (potentially from a family member/trust/company outside of the UK) charged on the property. For IHT purposes, if a loan is secured on a property,
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